The Bank of Canada will make its final rate increase in October after a pause next week, says Goldman Sachs Group Inc.
Why is Goldman Sachs announcing this instead of Tiff Macklem??
Jayzuz.
There’s been an awful lot of final rate hikes
“Final”. Uh huh.
Why the fuck another hike? The country’s economy had a net regression for the first time in years. Houses, food and rents prices are unhinged. Another hike won’t do anything to help this.
Houses, food and rents prices are unhinged.
Higher interest rates lower inflation. That is why the BOC has been rising them
The country’s economy had a net regression for the first time in years
The main goal of central banks is keeping inflation around 2% per year, even if that causes a recession.
Well, it ain’t working. I don’t know about you but my bank uses this variable to determine interest rates on my mortgage
Inflation isn’t determined solely by mortgages.
